Thu, 26 Jul 2012 | BUSINESS SALE
CR Taylor (Timber), a 52-year-old family-run timber business, has been sold to newly incorporated company Taylor's Timber Centre Ltd.
The independent timber engineering business provides architects, merchants, contractors and property builders with raw materials sourced from sustainable forests and certified FSC or PEFC.
It was placed into administration under the auspices of Paul Whitwam and Gary Blackburn of BWC Business Solutions on 6 July this year, but a sale of the company's business and assets based on the Thornton Road site to Taylor's Timber Centre Ltd was completed immediately, Insider Media reported.
Previous management staff formed the new company on the advice of Helen Bates of Leeds law firm Clarion, while funding was provided by Leeds-based Reward Capital LLP.
Joint administrator Mr Whitwam commented: “With a 50-year plus heritage, CR Taylor (Timber) Ltd established a strong reputation within the industry, serving house builders and contractors throughout the country.
“Unfortunately, the company has become another victim of the recession which has hit the construction sector particularly hard.”
He added that the sale will allow the business to move forward and will secure the “best possible return for creditors” as well as “the future of the five-strong workforce at that site”.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.